2 Park Avenue

    2, PARK AVENUE, CHELMSFORD, CM1 2AA

    This terraced freehold property on Park Avenue last sold in December 2020 for £500,000. Based on price growth in the CM1 district since then, its estimated current value is £596,127 — placing it in the 86th percentile nationally and the 82nd percentile within CM1. The property covers 109 m² (1,173 sq ft), giving an estimated value of £5,469 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,173 sq ft

    109 m²

    Last Sale Price

    £500,000

    Dec 2020

    Estimated Valuation

    £596,127

    Est. £/sq ft

    £508/sq ft

    £5,469/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageA
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,173 sq ft (109 m²)
    EPC dateMar 2015
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    14 Dec 2020

    £500,000

    7 May 2015

    £375,000

    14 Oct 2009

    £249,445

    27 Jan 2006

    £239,950

    15 Feb 2002

    £154,995

    Key Metrics

    Estimated valuation£596,127
    Value per sq ft / m²£508/sq ft (£5,469/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile82nd percentile
    National percentile86th percentile

    District Context — CM1

    CM1 covers Chelmsford town centre and its immediate surroundings in Essex, located roughly 30 miles northeast of London. It is a established residential and commercial district with strong local amenities and commuter appeal.

    Average Property Price - CM1

    £436,548

    73

    National percentile

    Average Net Household Income - CM1

    £36,171

    39

    National percentile

    10-Year Annualised Price Growth - CM1

    3.8%

    58

    National percentile

    10-Year Annualised Rent Growth - CM

    4.2%

    67

    National percentile

    View full analysis for CM1

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